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9966 [12]
3 years ago
7

In its first month of operations, Windsor, Inc. made three purchases of merchandise in the following sequence: (1) 400 units at

$5, (2) 500 units at $7, and (3) 600 units at $8. Assuming there are 300 units on hand at the end of the period, compute the cost of the ending inventory under (a) the FIFO method and (b) the LIFO method. Windsor, Inc. uses a periodic inventory system.
Business
1 answer:
mart [117]3 years ago
6 0

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Windsor, Inc. made three purchases of merchandise in the following sequence:

(1) 400 units at $5,

(2) 500 units at $7

(3) 600 units at $8.

Total units= 1,500

Assuming there are 300 units on hand at the end of the period, compute the cost of the ending inventory.

A) FIFO (first-in, first-out)

Inventory= 300*8= $2,400

B)LIFO (last-in, first-out)

Inventory= 300*5= $1,500

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If you were in a debate fighting for the rights of something what techniques should you use, just curious?
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3 years ago
You are considering two investment alternatives. The first is a stock that pays quarterly dividends of $0.32 per share and is tr
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Answer:

The 1-year HPR for the second stock is <u>12.84</u>%. The stock that will provide the better annualized holding period return is <u>Stock 1</u>.

Explanation:

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Answer:

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